SGFX at a glance
SGFX is a multi-asset forex and CFD trading brand operated by entities within the Spectra Global group. It offers access to forex, commodities, indices, stocks and cryptocurrency CFDs through MetaTrader 5 and web-based trading platforms. Its regulatory status and client protections vary according to the contracting entity.
SGFX reports a founding year of 29 June 2023 (Mauritius licence date) and a head office in Ebene, Mauritius. It lists 1 regulator and 3 trading platforms.
BrokerBazaar verdict
SGFX operates through a group of entities with different regulatory permissions. Its Mauritius entity has a stated FSC investment dealer licence, while its UAE entity is authorised for introducing-broker activities. Its platform range and multi-asset offering are clearly advertised. However, the differences between the entities, high leverage and limited independent evidence of financial strength warrant careful scrutiny.
Legal entities, regulation and licences
SGFX operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
SGFX states that it accepts clients from International, subject to jurisdictional restrictions and the applicable contracting entity. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Stocks CFDs, Indices CFDs, Cryptocurrency CFDs, Commodities. Platforms: MetaTrader 5, SGFX Web Trader, Mobile Trading. Account types: Standard, ECN/Raw, Demo.
Best-for tags assigned by our team: Experienced Traders, ECN Traders, MetaTrader Users, CFD Traders.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is Not Verified. Spreads start from From 0.0 pips and commission is Variable; commission-based ECN…. Maximum leverage is 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Multiple payment methods advertised; individual methods require account-specific verification. Withdrawal methods: Multiple withdrawal methods advertised; processing terms require verification.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: FSC Mauritius: Segregation of client funds expected under licence terms. Compensation: No central compensation scheme.
Complaints and dispute process
Formal complaints: Not Verified. Phone: Not Verified. SGFX publishes a client agreement, complaints-related disclosures and other legal documents. The applicable complaint process depends on the contracting entity. The precise complaint email, response timelines and escalation arrangements should be confirmed from the relevant entity's current client agreement.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Mauritius entity holds a stated FSC Investment Dealer licence.
- Strength: Offers MetaTrader 5 and a web trading platform.
- Strength: Provides access to multiple CFD asset classes.
- Strength: Advertises spreads starting from 0.0 pips on selected accounts.
- Strength: Offers demo trading facilities.
- Strength: Publishes legal documents, including risk disclosures and execution policies.
- Strength: Has separate entities for its Mauritius and UAE operations.
- Limitation: High leverage of up to 1:500 increases potential trading losses.
- Limitation: The SGFX brand operates through multiple entities with different regulatory protections.
- Limitation: The UAE entity is an introducing broker, not equivalent to the Mauritius investment dealer.
- Limitation: Saint Lucia company registration does not provide financial regulatory authorisation.
- Limitation: Detailed, independently verified financial strength and client fund protection information is limited.
- Limitation: Independent customer ratings have not been verified.
- Limitation: The exact contracting entity must be checked before depositing funds.
Who this broker suits, and who it does not
SGFX is most relevant to traders looking for: Experienced Traders, ECN Traders, MetaTrader Users, CFD Traders.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
SGFX change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for SGFX yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about SGFX
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 3/5; WikiFX 4.41/10; Forex Peace Army N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with SGFX through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.